Goa shipyard all set to manufacture high tech ships soon

The
state owned Goa shipyard is all set for the construction of Mine Counters
Measure vessels, (MCMV) the project that would cost Rs 32,000 Crores when the
state chief minister Manohar Parikkar laid the foundation for the project’s
Command, Control and Design Office.

The Shipyard
has been entrusted by the Defense Ministry for the construction of
sophisticated and high technology Mine counters Measure Vessels (MCMV) which
will be built first time in the country. The integrated MCMV complex for which
the foundation stone was laid by the state Chief Minister on January 12 will
facilitate efficient and effective execution of the technologically complex
MCMV project. With the laying of the foundation stone for the project which
would cost Rs 120 crores, speculations that the project was shelved by the
defense ministry has been proved wrong according a press release from the
shipyard.

With
a built up area of approx 19,500 sq mts, the building incorporates “Sustainable”
features such as energy efficient features (Green Building), piling foundation
for water front site and corrosion protection measures. The building is
expected to be ready by end 2018 followed by furnishing and interior work.

Speaking
on the occasion, Chief Minister Parikkar said “The speculative reports that the
prestigious project was shelved is far from truth.. Only a part of process,
which is tendering of ToT contract with foreign collaborator, has been
temporarily put on hold. . This is not going to affect the project execution
timelines at all. The project is very much with GSL and with Goa and this
function is just an example of large scale preparatory work being done by GSL”.Mr Parikkar was the defense minister of the
country till recently before he assumed office as chief minister.

The
ongoing MCMV infrastructure augmentation at the Shipyard, will provide an
additional capacity for concurrent construction of five MCMVs, in addition to
separate capacity for concurrent construction of 14 steel hulled ships. This
will provide major fillip to the shipbuilding activities of the Shipyard which
has achieved several milestones in the last few years..

The
Shipyard has delivered over 20 ships in last 4 years including 08 OPVs, 02 FPV
and 11 FIBs which amounts to 32000 tons of shipbuilding. In the calendar year
2017 alone, the Shipyard delivered projects amounting to 12000 ton which is
highest in country by any shipyard.

GSL
has also done exceptionally well on the export front as well and emerged as the
largest exporter of defense ships from the Indian Subcontinent. This resounding
success has translated into good financial performance wherein the Value of
Production (VoP) of the Company has approximately tripled over last four years
from Rs. 509 Crs in 2014 to Rs 1400 Crs expected in current fiscal. Similarly
profit for FY 16-17 was Rs. 177 Cr, which again was the highest in history of
GSL and poised to do better this year.